1. Prepare an income statement, statement of stockholders' equity and balance sheet The accounting records of...

1. Prepare an income statement, statement of stockholders' equity and balance sheet The accounting records of Campus company for the year ended February 28, 2018 Required: Multiple-step income statement, Statement of changes in stockholder’s equity and Balance Sheet. Use following information: Accumulated depreciation building $200,000 Retained earnings 158,000 Cost of goods sold 4,800,000 Prepaid insurance 10,000 Sales Revenue 7,805,000 Treasury Stocks 351,000 Accounts receivables 445,000 Merchandise Inventory 597,000 Mortgage payable (90,000 of this mortgage is to be pd within a year) 1,800,000 Marketable securities 311,000 Research and Development expense 100,000 Common stock $5 per value 1,000,000 Land 1,260,000 Allowance for bad debts 20,000 Buildings 1,040,000 Dividend declared and paid 18,000 Account payable 207,000 Cash 197,000 Selling Expense 1,800,000 Warranty payable 70,000 Administrative expense 900,000 Interest expense 151,000 Additional paid in capital 720,000

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